Forex News

AUD/USD bulls take a breather around 0.7575 as Thursday’s Asian session begins, following a three-day run-up that poked the 0.7600 threshold. The Aussie pair’s latest strength could be linked to the Fedspeak that tones down the last week’s hawkish rhetoric. 

EUR/USD eases from intraday top to 1.1930 amid a subdued Asian session on Thursday. Although the major currency pair is on the way to snap a three-week downtrend, it forms a bearish chart pattern on the four-hour (4H) play.

Gold lost its traction before reaching $1,800 on Wednesday. Near-term technical outlook remains bearish with 100-day SMA capping the upside. Additional losses are likely with a daily close below $1,770.

SafeMoon price fails to build on the golden cross signal on June 16 as the weight of the deteriorating cryptocurrency complex plunged SAFEMOON to a new correction low. The initial recovery was impulsive.

Apple shares just down marginally on Wednesday. The weekly chart shows a nice triangle breakout. AAPL still far short of record highs, while other FAANG stocks aim for records.